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554-556 Salem Avenue Hagerstown, MD
$ 300,000
Property Attributes
  • MLS#MDWA178508
  • TypeContingent
  • CityHagerstown
  • Zip21740
  • StyleColonial
  • Year Built1910
  • Taxes$ 1308
  • Price$ 300,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Marsh Realty
Data Source:
Bright MLS
Property Description

Multi-Family Home with 4 Separate Apartments, off street parking & a Garage! Featuring 2 Three bedroom units and 2 One bedroom units. All units have separate entrances, separate electric meters, separate heating systems & water heaters.. The three bedroom units have updated kitchens & bathrooms, a living room area with hardwood flooring and spacious bedrooms.  The one bedrooms have a similar set up with updated kitchens & bathrooms, a living room area with hardwood flooring and a master bedroom suite. The owner kept some of the original wood work.  There is a large covered porch in the front for the tenants to watch the storms come and go. There is also a separate back covered deck for each of the units to relax and have a cup of coffee or good storage for a bicycle. There are front and back entrances for three of the units and just a front entrance for the 4th.  Off street parking with a gravel driveway with enough space for 4 cars. Garage for extra storage. Three of the 4 units are rented for a total gross of $2475. The vacant unit can easily be rented for $800 for a total gross of $3275.  Two of the units are being rented below market and are on short term leases.  You could raise the rent or get new tenants and increase the rental gross easily to  $3,600 if not more. You could also rent out the garage for another easy $100 a month.  All units have been inspected and approved for rental by the city and have lead certificates. This property is easy to show. You can see two of the units that are currently vacant. The other two units can be shown with a ratified contract.

Price History
3/20/2021 Listed $300,000

General Features

Acceptable Financing Cash, Conventional, FHA, VA
Accessibility None
Appliances Refrigerator, Stove
Architectural Style Colonial
Basement Unfinished
Construction Materials Brick
Cool Fuel None
Cooling None
Days on Market 6
Exterior Features Exterior Lighting, Fire Escape, Sidewalks, Street Lights
Flooring Hardwood, Laminated
Garage Y/N No
Heating Forced Air
Historic Y/N No
Interior Features Breakfast Area, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Soaking Tub, Tub Shower, Wood Floors
Municipality Hagerstown
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Gravel Driveway
Patio/Porch Features Porch(es), Deck(s), Roof
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 109.01
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Very Good
Rent Control Y/N No
Roof Shingle
Security Features Smoke Detector
Sewer Public Sewer
Structure Type Detached
Tax Annual Amount 1308.0
Tax Lot 13
Tax Year 2020
Total Rooms 20
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning RMED
Zoning Description Residential

Interior Features

Basement Y/N Yes
Central Air Y/N No
Fireplace Y/N No
Heating Fuel Oil
Heating Y/N Yes
Hot Water Electric, Multi-tank
Living Area 2752
Three Bedroom Units Count 2

Exterior Features

Foundation Details Permanent
Inclusions 4 Stoves & 4 Refrigerators
Lot Size Acres 0.07
Lot Size Source Assessor
Lot Size Square Feet 3000.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Total Parking Spaces 4
Type of Parking Driveway, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21740

AVG $280K
AVG $3,052
AVG 98
Year Built
AVG 1944
AVG 47
Data Provided by Walkscore ® not using MLS data

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